Of course the government should regulate financial products. There is no end to complicated weapons of mass destruction financial products that bankers and law

Of course the government should regulate financial products. There is no end to complicated weapons of mass destruction financial products that bankers and lawyers can cook up. You think the average joe stands a chance interpreting them vs banks? This is why some products require you to be an accredited investors. Or in retail for example ARMs require plain language one-pagers and disallow bad features like balloon payments that caused harm during GFC. Banks do not choose to limit themselves altruistically in the absence of regulation. This is the problem with retail crypto.